Fri December 29, 2023

New all-time S&P 500 highs likely in January (if not Friday 12/29). However, 4 reasons we then see a pullback around Feb/March 2024. Small-caps likely lead in 1H24.

We discuss: To us, it is only a matter of days before we make new all-time highs.  But then we likely consolidate.  Small-caps likely outperform in 1H24.  We discuss the...

Wed December 27, 2023

Looking into 2024, starting P/E at 15.3X (ex-FAANG) good entry point. Small-caps still our top call into 2024

We discuss: how 7 factors are coming together to support PE expansion in 2024.  This is the key story. Please click below to view our Macro Minute (Duration: 5:46). https://vimeo. com/897953136/f549f9edc1? share=copy...

Fri December 22, 2023

Weekly Win Streak at Eight as Lee Remains Constructive

’Tis the season for holiday parties, and this week Fundstrat Head of Research Tom Lee related his anecdotal experience at the parties this season: “In my conversations, I’ve found that...

Fri December 22, 2023

INTRADAY ALERT: Nov Core PCE +0.06% vs +0.20% Street shows inflation glide path lower. Sustains case for YE equity rally.

The Nov Core PCE Deflator was released today and came in at +0.06% MoM, inline with tireless Ken's +0.07% and well below Street consensus of +0.20%.The key takeaway is that...

Fri December 15, 2023

What AAPL investors need to watch as China’s iPhone Ban accelerates

TECHNICALLY TRENDS ARE BULLISH BUT EXTENDED IN BOTH EQUITIES AND TREASURIES, BUT DESPITE RECENT OVERBOUGHT CONDITIONS, MARKETS HAVEN’T SHOWN ENOUGH PROOF TO ARGUE THAT ANY KIND OF PULLBACK IS GETTING...

Wed December 13, 2023

Markets anxious whether Fed makes "dovish" tones on Dec FOMC rate decision. Even if disappointing, we are buying the dip.

We discuss: Wed is probably most important catalyst between now and YE, with the Dec FOMC rate decision.  We think the key is whether it makes sense there are still...

Tue December 5, 2023

AAPL strength helpful to markets despite all 11 sectors lower

NEAR-TERM TRENDS FOR US EQUITIES AND TREASURIES SEEM TO BE AT RESISTANCE, WHILE THE US DOLLAR INDEX HAS BEGUN TO RALLY.  A MAJORITY OF THE MAJOR SECTORS ARE ALSO NOW...

Mon December 4, 2023

We are dip buyers over next 9 days until 12/13 FOMC, if there is weakness. But we are in "zone of uncertainty"

We discuss: We discuss how the "up zig" is behind us with Oct PCE on 11/30 and we are likely in for consolidation until Dec 13 FOMC. Please click below...

Wed November 29, 2023

Technology and Financials both nearing prominent resistance

Due to a technical issue, I was unable to show some of the charts in the video. The remainder of the charts can be found inside my report below. Sorry...

Wed November 29, 2023

Waller makes surprising "dovish" statements, strengthening case for stocks to "zig up" post Oct Core PCE on Thu.

We discuss: While stocks have been rangebound for the past week, interest rates and VIX meaningfully moved lower, and Tuesday aided by Fed Gov Waller's comments.  We see this as...

Mon November 27, 2023

December Thoughts: Zig-zag our way to a "soft landing" = YE rally

We discuss: We discuss how upcoming macro data might give conflicting messages on inflation/growth and thus rates could be volatile in Dec, which causes equities to zig-zag.  But ultimately, YE...

Wed November 22, 2023

INTRADAY ALERT: Probabilities favor rally into Friday. U Mich inflation "nothing burger"

THIS INTRADAY ALERT IS SENT SOLELY TO MEMBERS OF FS INSIGHT Happy Thanksgiving to everyone. U Mich 1-yr inflation Nov final came in at 4.5%, slightly higher than consensus of...